Housing Loan Repayment to Co-op Bank: Section 80C Deduction Upheld by ITAT

Allavuddin Unmarasab Hurakadli Vs National Faceless Assessment Centre (ITAT Panaji)

The Income Tax Appellate Tribunal (ITAT), Panaji Bench, delivered a split ruling in the appeal filed by Allavuddin Unmarasab Hurakadli against the order of the National Faceless Assessment Centre (NFAC) for the Assessment Year 2016-17. The appeal contested two key additions made by the Assessing Officer (AO): a disallowance under Section 69C for unexplained expenditure, and the denial of a deduction under Section 80C for housing loa

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